Manager – Third Party Risk Management
Job Description
WHAT YOU WILL DO
Design, implement, and manage core Third Party Risk Management (TPRM) processes to monitor, mitigate and report on risk from third party relationships especially vendors and clients. This includes leading the TPRM team efforts on:
Vendor risk assessments, vendor audits, vendor onboarding, vendor document refresher/ review, vendor termination procedures and compliance with regulatory and contractual requirements
Monitoring and reporting on credit risk and other potential risks from key vendors and clients
Providing periodic risk reports to the Altisource leadership team on key risks and mitigation strategies
Lead cross-functional initiatives with Line of Business (LOB), Compliance, Legal and Compliance Department (LCD) and other internal stakeholders to:
Monitor, mitigate and report on risk from third party relationships
Help increase vendor productivity/performance
Ensure compliance with applicable legal/regulatory and contractual requirements
Drive continuous process improvement initiatives to maintain alignment with industry best practices
Improve existing strategies, operations review, oversight planning and reporting
Create robust quantitative analytical models that deliver key perspective on likely outcomes, as well as on uncertainty and risk
Project manage data collection, analysis and planning work for key initiatives
Understand and manage Corporate Insurance Services
YOUR KEY RESULTS
Effectively manage risks associated with third parties in line with management risk guidelines
Consistently work with LOBs and vendors to improve business and vendor performance in line with agreed service levels
Maintenance of a compliant vendor network
Quality of data, analysis and insights
Effectiveness of partnership and interaction with stakeholders
Quality of executive presentations, including senior leaders in the organization
Ability to add value and improve the quality of the outcomes, as opposed to merely run a process
Ability to manage and control performance by virtue of organization, process, and data-driven feedback loops
